From the archive

mblnotes.Revision for the NLSIU PACE MBL Year 1 cohort, 2026–27.

Daily question · Mon, 9 Nov 2026 · No. 52

The question from Monday 9 November. Past questions and their answers are in Pro.

CORP · S03PromotionAsked in 6 of 7 papers (Jun ’22, Dec ’22, Jun ’23, Dec ’23, Jun ’24, Jan ’25)

Under the Companies Act, 2013: An external lawyer gives legal advice solely in a professional capacity. The lawyer is not named as a promoter, has no control, and the only allegation is that the Board usually follows the advice. Which answer best applies section 2(69)?

Answering past questions is part of Pro. Today's question is free.

Pro

AEvery professional is exempt even if the professional independently controls company affairs.

BFollowing professional advice necessarily makes every adviser a promoter.

CThe lawyer becomes a promoter only when the company pays the legal invoice.

DThe professional-capacity proviso excludes that sole accustomed-advice basis.

Rule

Exam trap

Remember

Pro explains every option, gives the rule and the exam trap, and opens every past question.

Tier 2 · 4 of 5 spots left₹12,499 once · Standard ~~₹24,999~~ a yearSee pricing

November0 days

MTWTFSS1 2 3 4 5 6

RightWrongClass weekend

A new question goes up here at midnight and in the MBL WhatsApp community at 10 am.Join the community

Daily question · Corporate Law · 9 Nov · mblnotes

All past questions

Pro